hello. a few questions for my fellow expats

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admin0
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hello. a few questions for my fellow expats

Post by admin0 » Thu, 06 Mar 2008 5:45 pm

Hi,

I got a few questions and would appreciate some help on it.

I am being offered a salary of $7000-$7500. Would it allow me to live fine? (myself, wife + 4 year old.) We have been to Singapore before, and we would not be able to eat out. Cooking would be in home.

#1.
I think this could be my rough breakdown of the expenses: 3000-3500 apartment/condo , $500 - food, $500 - local transportation, $500 - petty expenses, $500 - school for son. Would these breakouts be good or are there other expenses that I have not seen.

#2.
How is tax deducted from the $7000. My wife will be on dependent pass. What % of it is deducted for income tax, and would that be at the end of the year or some % would be deducted from it and rest given as take-home payment. I heard its 20% tax. Is that true? that would mean I would get $7000 - $1400 = $5600 as the total payment.

#3.
I have other incomes as working as a programmer from via the internet. The income will eventually land into my bank account in singapore. Would that be taxed too? For example, I have some websites (not related to Singapore or even for Singapore) and I get a recurring income from Google ads and other forms of advertisements from my website. How would that be taxed? Basically, if I get some money into my account from abroad, for personal reasons like loan or something else, would those be taxed also?

#4.
How much does schools cost per month. My son will soon be in the 1st grade. What types of expenses am I looking at? I would be on an EP, so I guess private schools is what I would need to search for. Which are some of the best schools there, and what would be a general range of expenses to expect from the school for the education.


Thanks,
Sam.

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sundaymorningstaple
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Post by sundaymorningstaple » Thu, 06 Mar 2008 11:46 pm

First of all, please do a search using this forums search function just under the profile link at the top left of the page. Most of your questions have been answered umpteen times and all you would have to do it just do a search for specific keywords and bobs you uncle.

If you cannot find an answer then please ask. All the questions you have answered have a large range of answers here already.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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Post by durain » Fri, 07 Mar 2008 12:15 am

or click on "Helpful Links for Expats in Singapore " :P

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sundaymorningstaple
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Post by sundaymorningstaple » Fri, 07 Mar 2008 9:25 am

That too! :cool:
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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